View Poll Results: Should we even try to pay down the national debt?

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  • Yes, it's critical that we do so.

    39 25.00%
  • Yes, but only if we can.

    39 25.00%
  • No, it's really not that important.

    39 25.00%
  • Other.

    39 25.00%
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Thread: Should we even try to pay down the national debt?

  1. #1
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    Should we even try to pay down the national debt?

    Should we even try to pay down the national debt?

    Note debt, not deficit, though you'd have to take care of the deficit first before you could tackle the debt, of course.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

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    Re: Should we even try to pay down the national debt?

    As long as we focus on growing the economy and the deficit as a % of GDP is smaller than the % of GDP growth, in a few decades the national debt to GDP ratio will be much smaller and the national debt will be irrelevant

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    Re: Should we even try to pay down the national debt?

    Like you said, we need to handle the deficit before we look at the debt. Let's take things one step at a time and work our way to paying off our debt.

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    Re: Should we even try to pay down the national debt?

    ...<patiently waits on MMTers to join the conversation >....

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    Re: Should we even try to pay down the national debt?

    Quote Originally Posted by radcen View Post
    Should we even try to pay down the national debt?

    Note debt, not deficit, though you'd have to take care of the deficit first before you could tackle the debt, of course.
    Honestly....we shouldn't worry about the debt. Let's focus on us first, and when there's time, we'll give back the cash.

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    Re: Should we even try to pay down the national debt?

    Quote Originally Posted by 11Bravo View Post
    Honestly....we shouldn't worry about the debt. Let's focus on us first, and when there's time, we'll give back the cash.
    The fact that there is debt perhaps shows a bit too much focus on "us" now.

  7. #7
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    Re: Should we even try to pay down the national debt?

    Should we even try to pay down the national debt?
    yes. we should first reduce and eventually eliminate deficit spending, and then we should work to pay down part of the debt. i don't think paying it off completely is necessary.

    we should do this by finding new revenue streams, ending pro bono interventionism, cutting corporate taxes, and raising individual taxes until we are solvent. also, we need to do everything we can to approach one hundred percent employment of able bodied citizens. that will make them tax payers instead of dependent on entitlements. this means that we will have to make a greater initial investment in their education and job training.

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    Re: Should we even try to pay down the national debt?

    Quote Originally Posted by Thrilla View Post
    ...<patiently waits on MMTers to join the conversation >....
    Me too.

  9. #9
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    Re: Should we even try to pay down the national debt?

    Quote Originally Posted by Crovax View Post
    As long as we focus on growing the economy and the deficit as a % of GDP is smaller than the % of GDP growth, in a few decades the national debt to GDP ratio will be much smaller and the national debt will be irrelevant
    Expecting our GDP to quadruple?

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    Re: Should we even try to pay down the national debt?

    Quote Originally Posted by Henrin View Post
    Me too.
    well, i'm not waiting for them so I can laugh at 'em ... i'm waiting to hear what they have to say and see if it meshes with my understanding of their theory.

    i've been throwing out the basic MMTer side of things on a few threads, but I don't think i'm knowledgeable enough to carry the argument very far.

    I guess I can try... but i'll be needing some backup from the resident MMTers before too long.

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